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the economy to improve, but at a slower rate than the united states and develops nations. he's attending the g20 finance minister meetings. from the council on foreign relations, this is an hour. >> [inaudible] >> well, ladies and gentlemen, i'm cochair of the council on foreign relations, and we are privileged, indeed to have with us the honorable, highly experienced german government offiho crrently serving a minister o finance. you have the resumÉ, we are running late, and to maximize time for conversation, i'll be undipmatically brief, but let me say that minister has held four positions of chandler cole who served as federal minister for special tasks, head of the council and minister of the interior. under chancellor merkel 2005 to 2009 served as ministers of the interior. he is a long standing leader of the christian democratic union serving as its chair in 1991. he's bee a 1972 serving as parment ri whip from 1981-84, and in 1990, led negotiations for the reimplication of east east germ. he is proficient in economics of law, a doctor of law, and he's written a number of books most rec
but if we meet in the middle we can do a lot of good for americans and for our economy. we are feeling very good about this, things are moving in a very good way and the supported -- the president supported our proposal it is in the right place to be because even if people don't agree with every single part i don't want to give you the impression he is begrudging but he is enthusiastic. and we are playing it just right moving forward by giving us the space to come up with the agreement and we thank him for doing that and he will continue to do that to get a bill done. >> we briefed the president on a number of details and a proposal that gang of 8 is coming up with that we will be bringing forward to the united states senate as short of a time as this evening. but the process we went through having been in the senate to have this process before was very supportive. the president realizes everybody didn't want -- get what they wanted completely but it is a product of compromise we appreciate his support and we believe that is important as we move forward with the process. that this is the be
care sector which now constitutes more than one sixth of the american economy. it's a cornerstone of security for tens of millions of americans. the growth of this program which will only accelerate as more and more baby boomers retire as a prime driver of our long-term fiscal challenges. there is a wide debate as to whether this lower rate of growth in recent years means we have finally turned the corner or rather will begin to accelerate again as we continue to recover from the great recession. to explore these issues and possible responses to them, we have, i'm delighted to say, assembled an all-star cast. their full biographies are available at this event and also on line so i will just hit the high points in order of their initial presentations. robert reischauer to my immediate left is president of american institute and a former director of the congressional budget office and served as a public trustee of the social security and medicare trust fund. to his left is james capretta a former associate director for heart home health care social security education welfare program
consumers, and back into the economy. earlier this year the cfpb finalized rules to strengthen mortgage standards. this includes the ability to -- the provision which requires lenders to make a good-faith effort to determine if the borrower can make his or her payments. this have been generally well-received by consumer and industry groups alike and i applaud the care the cfpb undertook in writing this rule. however, we must ensure that these rules do not have adverse impact on -- including rural areas. i look forward to hearing from director cordray on how this rule will impact rural lehning, which is an important issue in south dakota. finally, director cordray, your comments about reducing regulatory burden on community banks and credit unions. continue to be interested in your plans to make sure that we strike the right balance addressing consumers and addressing concerns smiler institutions may have. you have proven day in and day out that you are well-qualified for the position. even any colleagues across the aisle concede this point. i hope we can provide the market the certainty
or entity that recognized the importance of preventing further deterioration in the local economy and agreed to take responsibility for the effort to turn things around. the leader help facilitate collaboration which was essential not only because economic development is complicated and multidimensional but also for them more mossadegh reasoned that outside funders would require that all interested stakeholders commit to a strategic direction. the specific avenues to recover. among their cities identified in the boston study. some built on traditional strengths while others created new businesses from scratch. for example grand rapids michigan once known for its furniture manufacturing work to become a major medical center partnering with michigan state university in grand valley state universities to form the research center. similarly as in jersey city has successfully transformed itself from a manufacturing-based economy to a financial center. its proximity to new york city makes this transformation seem obvious in hindsight but other similarly situated cities have not made comparable str
economies, our countries unsustainable debt. it's disingenuous and more importantly it's just wrong. defense spending accounts for approximately 18% of the federal spending annually while nonsecurity mandatory spending accounts for 60%. we are on a path where an insatiable appetite to face domestic spending in mandatory programs are consuming our defense budget and will soon result in a hollow military. the commander-in-chief must take a lead in restoring certainty to our budgeting process to ensure that our military leaders have appropriate resources to develop and execute plans and manage the department of defense efficiently. i've repeated the warnings of admiral cindi wind field the vice chairman of the joint chiefs many times over the last three months and this quote is an accurate cole which he is referring. quote i know if of no other time in history when we have competent julie down this far this fast and the defense budget. there could be for the first time in my career instances where we may be asked to respond to a crisis and we will have to say we cannot do it. we have to correct
vulnerable to the attacks on networks critical to our economy with national security iran and north career trying to get capabilities is cyberspace and widely to be responsible for some such attacks. china and russia possess capabilities for cyber theft such as intellectual property as well as the more traditional properties of as the niosh such as spying on a military weapon systems and capabilities. cconology and with cyber theft is us rafts that -- stuffed that cannot be tolerated to hear about the problem and the steps weshldak thesa pacific region from the dictatorial regime has caused ce here the und stat and our allah --alies in h pacific that has announced itinterntme plutonium production and testing a nuclear device in february that appears to have a greater yield of the previous test and has threatened any time to launch a missile like a further is s -- exacerbate tensions we read about conflicting intelligence assessments and north korea's ability to put a nuclear warhead with a long-range missile. we hope our witnesses could clear that issue up. in the middle east iran contin
Search Results 0 to 6 of about 7